Florida Statute 624.10 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVII
INSURANCE

Chapter 624
INSURANCE CODE: ADMINISTRATION AND GENERAL PROVISIONS

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624.10 Other definitions.—As used in the Florida Insurance Code, the term:

(1) “Affiliate” means an entity that exercises control over or is directly or indirectly controlled by the insurer through:

(a) Equity ownership of voting securities;

(b) Common managerial control; or

(c) Collusive participation by the management of the insurer and affiliate in the management of the insurer or the affiliate.

(2) “Affiliated person” of another person means:

(a) The spouse of the other person;

(b) The parents of the other person and their lineal descendants, or the parents of the other person’s spouse and their lineal descendants;

(c) A person who directly or indirectly owns or controls, or holds with the power to vote, 10 percent or more of the outstanding voting securities of the other person;

(d) A person, 10 percent or more of whose outstanding voting securities are directly or indirectly owned or controlled, or held with power to vote, by the other person;

(e) A person or group of persons who directly or indirectly control, are controlled by, or are under common control with the other person;

(f) An officer, director, partner, copartner, or employee of the other person;

(g) If the other person is an investment company, an investment adviser of such company, or a member of an advisory board of such company;

(h) If the other person is an unincorporated investment company not having a board of directors, the depositor of such company; or

(i) A person who has entered into a written or unwritten agreement to act in concert with the other person in acquiring or limiting the disposition of securities of a domestic stock insurer or controlling company.

(3) “Control,” including the terms “controlling,” “controlled by,” and “under common control with,” means the direct or indirect possession of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by contract other than a commercial contract for goods or nonmanagement services, or otherwise. Control is presumed to exist if a person, directly or indirectly, owns, controls, holds with the power to vote, or holds proxies representing 10 percent or more of the voting securities of another person.

(4) “NAIC” means the National Association of Insurance Commissioners.

(5) “Transact” with respect to insurance includes any of the following, in addition to other applicable provisions of this code:

(a) Solicitation or inducement.

(b) Preliminary negotiations.

(d) Transaction of matters subsequent to effectuation of a contract of insurance and arising out of it.

History.—s. 10, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 15, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1, ch. 2014-101.

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Amendments to 624.10

Annotations, Discussions, Cases:

Cases Citing Statute 624.10

Total Results: 6

Borden v. East-European Ins. Co.

921 So. 2d 587, 2006 A.M.C. 758, 2006 Fla. LEXIS 9, 2006 WL 128689

Supreme Court of Florida | Filed: Jan 19, 2006 | Docket: 1659674

Cited 107 times | Published

a contract of insurance and arising out of it. § 624.10, Fla. Stat. (2005). Section 626.907, Florida Statutes

WINTERTHUR INTERN., LTD. v. Palacios

559 So. 2d 1214, 1990 Fla. App. LEXIS 1815, 1990 WL 29490

District Court of Appeal of Florida | Filed: Mar 20, 1990 | Docket: 1241168

Cited 5 times | Published

Insurance Code. Id. § 624.10; see id. § 624.01 (defining Florida Insurance Code). Section 624.10, Florida Statutes

NAT. FED. OF RET. PERSONS v. Dept. of Ins.

553 So. 2d 1289, 1989 WL 148423

District Court of Appeal of Florida | Filed: Dec 8, 1989 | Docket: 1258976

Cited 4 times | Published

"transacting insurance" as that term is used in section 624.10, Florida Statutes. It contends also that the

Advantage General Insurance v. KILN/QBE International

8 So. 3d 1213, 2009 Fla. App. LEXIS 3860, 2009 WL 1139247

District Court of Appeal of Florida | Filed: Apr 29, 2009 | Docket: 1161295

Cited 1 times | Published

and "effectuation of a contract of insurance." § 624.10(1)-(3), Fla. Stat. (2007). Since Advantage filed

EAST-EUROPEAN INS. CO. v. Borden

884 So. 2d 233, 2004 WL 1752121

District Court of Appeal of Florida | Filed: Aug 6, 2004 | Docket: 1281769

Cited 1 times | Published

"transaction of insurance," which the court, citing to section 624.10, Florida Statutes (1987), stated is a defined

Hassneh Insurance Co. of Israel, Ltd. v. Plastigone Technologies, Inc.

623 So. 2d 1223, 1993 Fla. App. LEXIS 9172, 1993 WL 347452

District Court of Appeal of Florida | Filed: Sep 14, 1993 | Docket: 64698649

Published

165613 MIAMI, FL 33176 U.S.A. According to section 624.10, Florida Statutes (1991), a transaction of

This Florida statute resource is curated by Graham W. Syfert, Esq., a Jacksonville, Florida personal injury and workers' compensation attorney. Attorney Syfert regularly works with Chapter 624 in the context of insurance disputes and represents clients throughout Northeast Florida. For legal consultation, call 904-383-7448.